title
RESOLUTION APPROVING AGREEMENT BETWEEN THE COUNTY OF DUPAGE AND
THE DUPAGE REGIONAL OFFICE OF EDUCATION RELATING TO THE PURCHASE OF
2S361 GLEN PARK ROAD, LOMBARD, ILLINOIS
resolution
WHEREAS, the County of DuPage (the “County”) has previously discussed the acquisition of real property for the use of the Regional Office of Education (“ROE”); and
WHEREAS, the County has tendered an offer, contingent on the approval of the County Board under FI-R-0181-26 (“Resolution Approving Purchase of Real Property Located At 2S361 Glen Park Road, Lombard, Illinois”), for a piece of real property located in unincorporated Lombard, commonly known as 2S361 Glen Park Road, Lombard, Illinois, 60148 (“Subject Property”); and
WHEREAS, the County’s offer, in summary, not verbatim, totals Four Million One Hundred Thousand Dollars ($4,100,000.00) in compensation for the Subject Property; and
WHEREAS, the County’s offer also included a leaseback of a portion of the Subject Property to the seller for continued operation of their food pantry pursuant to the terms and conditions of the lease agreement between the County and the seller under FI-R-0184-26 (“Resolution Approving Entry of a Lease Agreement with Christ Church of Oak Brook for Food Pantry Services”); and
WHEREAS, the County and the ROE desire to enter into an acquisition agreement (“Agreement”) relating to the purchase of the Subject Property; and
WHEREAS, pursuant to the terms and conditions of the Agreement between the County and the ROE, the ROE agrees to tender Two Million One Hundred Thousand Dollars ($2,100,000.00) to the County prior to closing of the Subject Property; and
WHEREAS, this Agreement, along with the lease agreement entered into under FI-R-0183-26 (“Resolution Approving Entry of Lease Agreement with the Regional Office of Education”), governs the costs of acquiring the Subject Property, the costs associated with the maintenance of the Property, and an obligation of the ROE to pay to the County ce...
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